Texas Instruments: Pullback and RecoveryTexas Instruments IncorporatedNASDAQ:TXNHKCM_GlobalDespite a noticeable pullback at the end of October, Texas Instruments shares fought their way to a new local high. Then, last week, strong downward pressure set, causing sharp sell-offs. However, the current trading week has started with new signs of recovery. Primarily, we currently place TXN in the fifth segment of an internal upward impulse and expect further gains above the resistance at $339.30 as the move progresses. Following the peak there, a counterreaction to the downside is to be expected. In our alternative scenario, sell-offs would break below the support at $232.90 (probability: 37%). In this case, a new major low would be expected, though above the $184.95 mark.